Disgruntled Manchester United supporters have escalated their campaign against the Premier League club's owners by releasing an open letter to the Glazer family.
Ever since the end of last season, a vocal section of the club's fans have engaged in an active campaign online and at the ground. This has included a boycott of the official channel MUTV, with a campaign #CancelMUTV, as well as Twitter action and planned in-season action.
Now, the Glazers Out Movement have asked ‘five key questions’ to the Glazers. These include the salary of current executive vice-chairman Ed Woodward, their debt repayment plan, the club’s flotation on the New York Stock Exchange and the search for a technical director which remains ongoing.
— #GlazersOut Movement (@GlazersOutMVMNT) July 29, 2019
In 2005, the American family bought the club through a series of loans which loaded £525m debt onto Manchester United. With their recent form, a large portion of the Old Trafford faithful see this situation as being a key issue.
— John LUHG (@johnluhg_live) July 29, 2019
So over the last year, $MANU stock has dropped ~30%. With roughly 40M shares outstanding, that amounts to over ~300M in value eroded in one year. On top of that, @ManUtd’s financials don’t look pretty- last year net loss of 38M, first since 2015. #MUFC #GlazersOut pic.twitter.com/1YnOIWb9ry
— TheLogicalUnited 🇾🇪 (@jmansharma) July 26, 2019
The Manchester United Supporters Trust released a statement earlier this summer declaring they are not behind the campaign but sympathise with the view: "These are grass roots independent fan campaigns rather than MUST initiatives. we all share the frustration".
The club's Premier League season gets underway in less than two weeks time, with Chelsea first up at Old Trafford.